Handmade Music School (EIN 813788373) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

ANDREW D LOCKE

Phone

5402399138

Tax Period

2020-01-01 to 2020-12-31

Floyd Creative Studios, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $102K in total revenue in fiscal year 2018. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 10% operating deficit.

Mission

Teaching the creative process to the young people in our community through a variety of experiential programs

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $94,880

Program Service Revenue $33,489

Investment Income $2

Other Revenue $1,043

TOTAL REVENUE $129,414

Expense Breakdown

Grants Paid $8,097

Salaries & Benefits $16,205

Fundraising Expenses $5,623

Program Expenses $71,623

Other Expenses $80,759

TOTAL EXPENSES $105,061

Year-over-Year Comparison

	2020	2019	Change
Revenue	$129,414	$65,301	+1.0%
Expenses	$105,061	$116,103	-0.1%
Net Income	$24,353	$-50,802	-1.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,123

Total Directors

$6,555

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW D LOCKE	Executive Director	N/A	Director	$6,555	$0	$6,555
JOSEPH DEJARNETTE	President	N/A	Officer	$400	$0	$400
THOMAS M TRAYNAM	Vice President	N/A	Officer	$2,723	$0	$2,723
JENNIFER FINN	Treasurer	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2020	$129,414	$105,061	$111,907	$24,353
2019	$65,301	$116,103	$36,711	$-50,802
2018	$102,117	$112,582	$80,874	$-10,465

Handmade Music School